UGC NET Mock Test 8 on Commerce - 20 Questions for Practice

UGC NET Mock Test 8 on Commerce – 20 Questions for Practice

Take Test 8 20 questions for Practice – Commerce Test 8

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1. If Opening Stock is Rs. 10,000, Net Purchases Rs. 70,000, Wages Rs. 2,500, Carriage inward Rs. 500 and closing Stock Rs. 15,000, what is the Manufacturing Cost?

a.Rs. 83,000

b.Rs. 73,000

c.Rs. 65,000

d.Rs. 68,000

2. Which one is not an important objective of Financial Management?

a.Value Maximisation

b.Profit Maximisation

c.Maximisation of social benefits

d.Wealth Maximisation

3. On which of the following, at the initial stage, the Indian IT companies relying more for getting good IT professionals?

a.Campus Placement

b.Placement Agencies

c.All of the above

d.Job Portals

4. Balance of Payments can be made favourable if ______?

a.Devaluation of money

b.(A) and (C)

c.Imports are increased

d.Exports are increased

5. The provisions of General Reserve in Banking Companies are made keeping in view the provisions of _____?

a.SEBI Act, 1992

b.Indian Companies Act, 1956

c.Banking Companies Act, 1949

d.Statutory Auditor

6. Which one of the following matches correspond to the Member and Observer countries of the SAARC? (i) India, Pakistan, Bangladesh, Bhutan, Nepal, Sri Lanka, Afghanistan, Maldive (ii) Iran, China, Japan, USA, South Korea, European Union (iii) Pakistan, Nepal, India, Bangladesh, Iran (iv) UK, USA, North Korea, South Africa

a.(ii) and (iv)

b.(i) and (ii)

c.(iii) and (iv)

d.(ii) and (iii)

7. Which one is not an international organization?

a.CBDT

b.ASEM

c.ASEAN

d.SAARC

8. Which one is not an objective of IMF?

a.To finance productive efforts according to peace-time requirement

b.To ensure exchange rate stability

c.To promote international monetary co-operation

d.To ensure balanced international trade

9. The concept of present value is based on the :

a.Principle of discounting

b.Principle of compounding

c.(A) and (B)

d.None of the above

10. Statement (i): Labour always get a major share of productivity gains. Statement (ii): Partial stoppage of work by workers amounts to strike.

a.Both statements are true.

b.Statement (ii) is true but (i) is false.

c.Statement (i) is true but (ii) is false.

d.Both statements are false.

11. EPCG denotes?

a.Export Potential and Credit Goods

b.Export Promotion and Credit Guarantee

c.Earning Promotion and Credit Guarantee

d.Export Potential and Credit Guarantee

12. Read the following events: (i) Allowing convertibility of the rupee at the market rate in the current account (ii) Nationalisation of general insurance business (iii) Establishment of IDBI (iv) Nationalisation of life insurance business (v) Capital adequacy norms for commercial banks Arrange the events in the ascending order of their occurrence:

a.(v), (iv), (iii), (ii), (i)

b.(i), (ii), (iii), (v), (iv)

c.(iv), (iii), (ii), (i), (v)

d.(i), (v), (ii), (iv), (iii)

13. In India, the Commercial Banks are given license of operation by _____?

a.Reserve Bank of India

b.Banking Companies Regulation Act, 1949

c.The Government of India

d.The Ministry of Finance

14. Which among the following is not true with regard to merchant banker? (i) It can accept deposits. (ii) It can advance loans. (iii) It can do other banking activities. (iv) It can be manager to a public issue.

a.(ii), (iii) and (iv)

b.(i), (ii) and (iii)

c.(i), (iii) and (iv)

d.(ii) and (iv)

15. Cost of capital from all the sources of funds is called _______?

a.Implicit cost

b.Composite cost

c.Simple Average cost

d.Specific cost

16. Assertion (A): One can not be sure about the quality of appraisal on the basis of length of service. Reasoning (R): Initial appraisal and promotional appraisal are done separately and differently since the length of service is different.

a.(A) is correct but (R) is not correct.

b.(R) is correct but (A) is not correct.

c.(A) and (R) both are correct.

d.(A) and (R) both are not correct.

17. Imperial Bank was established on January 27, 1921 on the advise of ______?

a.J. M. Keynes

b.King George V

c.Lord Illingworth

d.Winston Churchill

18. Which of the following are covered under the scope of Human Resource Management? (i) Forecasting Human Resource Needs (ii) Replacement Planning (iii) Human Resource Dynamics (iv) Human Resource Development Planning (v) Human Resource Audit

a.(i), (ii), (iii), (iv), (v)

b.(i), (ii), (iii), (iv)

c.(iii), (v)

d.(i), (iii), (v)

19. Which one refers to cash inflow under payback period method?

a.Cash flow after depreciation and taxes

b.Cash flow before depreciation and taxes

c.Cash flow after depreciation but before taxes

d.Cash flow before depreciation and after taxes

20. Which four are the factors influencing the Human Resource Management of an organisation? (i) Size of workforce (ii) Employee Expectations (iii) Composition of workforce (iv) Political influence (v) Changes in technology

a.(i), (iii), (iv) and (v)

b.(i), (ii), (iii) and (iv)

c.(i),(ii), (iii) and (v)

d.(i), (ii), (iv) and (v)

Also See :

UGC NET Mock Test 1 on Commerce
UGC NET Mock Test 2 on Commerce
UGC NET Mock Test 3 on Commerce
UGC NET Mock Test 4 on Commerce
UGC NET Mock Test 5 on Commerce
UGC NET Mock Test 6 on Commerce
UGC NET Mock Test 7 on Commerce
UGC NET Mock Test 9 on Commerce
UGC NET Mock Test 10 on Commerce
UGC NET Mock Test 11 on Commerce
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UGC NET Mock Test 14 on Commerce
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UGC NET Mock Test 17 on Commerce
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UGC NET Mock 8 on Commerce – 20 Questions for Practice

UGC NET Mock Test 8 on Commerce – 20 Questions for Practice

Take Test 8 20 questions for Practice – Commerce Test 8

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